Renaissance Technologies LLC Acquires 52,400 Shares of Life360, Inc. (NASDAQ:LIF)

Renaissance Technologies LLC increased its position in shares of Life360, Inc. (NASDAQ:LIF - Free Report) by 187.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,300 shares of the company's stock after acquiring an additional 52,400 shares during the period. Renaissance Technologies LLC owned about 0.11% of Life360 worth $3,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of Life360 by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 539,592 shares of the company's stock worth $22,269,000 after purchasing an additional 432,292 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Life360 during the 3rd quarter worth about $7,995,000. Swiss National Bank bought a new position in shares of Life360 in the fourth quarter valued at about $5,717,000. Geode Capital Management LLC acquired a new position in shares of Life360 during the third quarter worth approximately $5,134,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Life360 by 1,007.8% in the fourth quarter. Bank of New York Mellon Corp now owns 130,779 shares of the company's stock valued at $5,397,000 after purchasing an additional 118,974 shares in the last quarter. Hedge funds and other institutional investors own 20.00% of the company's stock.

Insider Transactions at Life360

In other news, Director John Philip Coghlan sold 3,125 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $37.86, for a total transaction of $118,312.50. Following the completion of the sale, the director now owns 34,286 shares of the company's stock, valued at $1,298,067.96. This trade represents a 8.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Russell John Burke sold 3,104 shares of Life360 stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.94, for a total transaction of $139,493.76. Following the completion of the sale, the chief financial officer now owns 145,650 shares of the company's stock, valued at $6,545,511. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,210 shares of company stock valued at $6,884,086.

Life360 Stock Performance

LIF traded up $0.19 during trading on Friday, hitting $40.14. The stock had a trading volume of 311,767 shares, compared to its average volume of 379,745. The company has a 50 day moving average price of $39.38 and a 200-day moving average price of $42.69. Life360, Inc. has a one year low of $26.00 and a one year high of $52.77.

Life360 (NASDAQ:LIF - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). Life360 had a negative net margin of 4.72% and a negative return on equity of 4.03%. The business had revenue of $115.53 million during the quarter, compared to analyst estimates of $114.39 million. Research analysts expect that Life360, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Stifel Nicolaus decreased their price objective on Life360 from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday. UBS Group upgraded shares of Life360 from a "neutral" rating to a "buy" rating and upped their target price for the company from $52.00 to $55.00 in a research report on Friday, January 17th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $47.38.

Life360 Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.